Credit repair companies are organizations that can help you improve your credit scores by disputing incorrect information on your credit reports and negotiating with creditors to remove negative items. The best credit repair companies offer flexible pricing and other benefits to help consumers take control of their finances and improve their credit quickly. Rise Again Credit Solutions is a financial services firm that caters to clients across the Houston metro and nearby areas. It works to improve clients’ credit scores by removing inaccurate information, like late payments and inquiries. It also disputes information related to repossessions, student loans, and medical bills.

Companies use formulas — called scoring models — to create your credit score based on the information in your credit reports. Just as you have more than one credit report, you have more than one credit score, depending on which scoring model the company uses. Credit card debt, and therefore having a high credit utilization ratio, will reflect poorly on your credit scores. Checking your credit reports and lowering your credit utilization alone could help improve it.

Improving Your Credit Score: Truth And Myths Revealed

Credit utilization, the percentage of your available credit that you’re using, plays a significant role in your credit score (accounting for 30% of your FICO score and 20% of your VantageScore). It’s calculated by dividing your current balance by your credit limit and multiplying by 100. For creditrepair , a $200 balance on a $1,000 credit limit results in a 20% utilization ratio. Regularly repeating this process, especially if you initially find many errors, is key to effectively repairing your credit. If you aren’t sure whether you want to use a credit repair company, the good news is that there’s nothing that a credit repair company does that you can’t do yourself if you’re willing to invest the time and effort.

Payment History Problems

Credit counselors go over your finances with you and help create a plan to tackle financial issues such as budgeting, managing money and paying off debt. Even if you don’t plan to use them, it’s generally a good idea to keep unused credit cards open. If you don’t want to pay an annual fee on a card you use rarely, ask your card issuer to consider downgrading your card to one without a fee. If you’re late but not yet 30 days behind on a payment, pay it immediately. If the payment is already 30 or more days overdue, bring the account current as soon as possible.

If you have questions about your eligibility, please review the following frequently asked questions. If you need additional support, we encourage you to wait until after January 6 due to the large volume of checks being processed and distributed. According to the CFPB, these are some factors that can impact your scores. If you’re unable to cancel Credit Repair Training online, contact their customer service directly using the phone number, email, or website provided above. You can also use our refund script to help you communicate effectively with their support team.

Compare Our Top Credit Repair Companies

The average credit score in the U.S. is 714, but that doesn’t mean everyone has good credit. If you happen to have a score on the lower end, it can hold you back from the things you want, whether that’s getting a new car, renting a nice apartment or buying your dream home. Paying down your debts has the additional benefit of lowering your credit utilization ratio, the amount of credit you’re currently using on revolving credit accounts compared to your total credit limit. While your utilization ratio is considered on your overall credit limit, your ratio also applies to each individual credit account. You can build credit by using your credit card and paying on time, every time. Pay off your balances in full each month to avoid paying finance charges.